NOT LISTED FOR SALE
10 Beds
6 Baths
3,749 Sq Ft
7,514 Sq Ft Lot

Sale Details

Date Sold: July 8, 2021

Last sale price $1,640,000 $437 Per Sq Ft

66 Days on Market

Highlights

  • No HOA
  • Living Room
  • Central Heating
  • Horace Ensign Intermediate School Rated A
  • Landscaped
  • Paved or Partially Paved Lot

About This Home

As of July 2021

Costa Mesa fourplex with an amazing residential income opportunity. This multi-family boasts 4 units with different floorplans. Two units consist of 3 bedrooms, 1.5 bathrooms. The other two units offer 2 bedrooms and 1 bathroom. All units are tenant occupied. 4 parking spaces provided via the shared garages. Newer windows, decks, railing, picket fence, vinyl plank floors, and baseboards are featured throughout the units. 4 carport spaces and 4 uncovered spaces are also included in the home. Drive-by and see the potential! Please do not disturb tenants. Minutes away from the 55 FWY, Newport State Beach, and lots of shopping/entertainment centers and eateries.

Last Agent to Sell the Property

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 04/01/2021

Keller Williams Realty

Last Buyer's Agent

Elizabeth Do

Keller Williams Realty License #01473012 Listed on: 04/01/2021

Keller Williams Realty

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1962

Lot Details

  • 7,514 Sq Ft Lot
  • Two or More Common Walls
  • Landscaped
  • Paved or Partially Paved Lot
  • Front Yard

Home Design

  • Quadruplex

Interior Spaces

  • 3,749 Sq Ft Home
  • 2-Story Property
  • Living Room
  • Laminate Flooring
  • Laundry in unit

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 6 Bathrooms

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 4 Open Parking Spaces
  • 8 Parking Spaces
  • 4 Carport Spaces
  • Parking Available
  • Assigned Parking

Additional Features

  • Exterior Lighting
  • Central Heating

Listing and Financial Details

  • Tax Lot 15
  • Tax Tract Number 15015
  • Assessor Parcel Number 42405408

Community Details

Overview

  • No Home Owners Association
  • 4 Units

Amenities

  • Laundry Facilities

Building Details

  • 4 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $1,800
  • Trash Expense $1,500
  • Water Sewer Expense $1,723
  • New Taxes Expense $18,425
  • Operating Expense $23,448
  • Gross Income $88,035
  • Net Operating Income $64,587

Property Details

Home Type

Multi-Family

Year Built

Built in 1962

Lot Details

7,514 Sq Ft Lot

Listing Details

  • Property Attached: Yes
  • Security: Carbon Monoxide Detector(s), Smoke Detector(s)
  • View: No
  • Water Sewer Expenses: 1722.70
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 42405408
  • Year Built: 1962
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Levels: Two
  • Price Per Square Foot: 437.45
  • Room Type: Kitchen, Living Room

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Carport Spaces: 4.00
  • Parking: Yes
  • Parking Features: Assigned
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Central
  • Laundry Features: Community
  • Sewer: Public Sewer
  • Trash Expense: 1500.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs, Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard, Landscaped, Paved
  • Lot Size Sq Ft: 7514.00
  • Lot Size Acres: 0.1725

Multi Family

  • Gross Income: 88035.00
  • Gross Scheduled Income: 88035.00
  • Insurance Expense: 1800.00
  • Laundry Income: 75.00
  • Lot Size Area: 7514.0000 Square Feet
  • Net Operating Income: 64587.30
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 4
  • Operating Expense: 23447.70
  • Rent Control: No
  • Total Expenses: 23447.70

Tax Info

  • New Taxes Expense: 18425.00
  • Tax Census Tract: 636.05
  • Tax Lot: 15
  • Tax Tract Number: 15015

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jul 6, 2021
Sold by
Bought by
Seller's Agent
Elizabeth Do
Keller Williams Realty
Buyer's Agent
Elizabeth Do
Keller Williams Realty
List Price
$1,675,000
Sold Price
$1,640,000
Premium/Discount to List
-$35,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 1, 2021
Closed on
Jun 4, 2021
Sold by
Bought by
Seller's Agent
Elizabeth Do
Keller Williams Realty
Buyer's Agent
Elizabeth Do
Keller Williams Realty
List Price
$1,675,000
Sold Price
$1,640,000
Premium/Discount to List
-$35,000
-2.09%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$230,000
Interest Rate
0.029%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 31, 2020
Sold by
Bought by

Purchase Details

Listed on
Jul 24, 2018
Closed on
Aug 2, 2018
Sold by
Bought by
Seller's Agent
Gregg Horvath
R.L.M. Equities
Buyer's Agent
Elizabeth Do
Keller Williams Realty
List Price
$1,459,000
Sold Price
$1,459,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,094,250
Interest Rate
0.045%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jun 1, 2018
Closed on
Jun 5, 2018
Sold by
Bought by
Seller's Agent
Carm Gullo
CFG Investments
Buyer's Agent
Carm Gullo
CFG Investments
List Price
$1,150,000
Sold Price
$1,175,000
Premium/Discount to List
$25,000
2.17%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,094,250
Interest Rate
0.045%
Mortgage Type
New Conventional
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Lawyers Title
$1,640,000 Lawyers Title
-- Accommodation
$1,459,000 Lawyers Title Co
$1,175,000 Lawyers Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $230,000
Previous Owner $1,050,000
Previous Owner $1,094,250
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
07/08/2021 07/08/21 Sold $1,640,000 -2.1% $437 / Sq Ft
06/07/2021 06/07/21 Pending -- -- --
05/21/2021 05/21/21 For Sale $1,675,000 0.0% $447 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
04/01/2021 04/01/21 For Sale $1,675,000 +14.8% $447 / Sq Ft
09/28/2018 09/28/18 Sold $1,459,000 0.0% $389 / Sq Ft View Prior Sale
08/30/2018 08/30/18 Pending -- -- --
07/24/2018 07/24/18 For Sale $1,459,000 +24.2% $389 / Sq Ft
06/13/2018 06/13/18 Sold $1,175,000 +2.2% $313 / Sq Ft View Prior Sale
06/05/2018 06/05/18 Pending -- -- --
06/01/2018 06/01/18 For Sale $1,150,000 -- $307 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,818 $1,740,381 $1,485,692 $254,689
2024 $19,818 $1,706,256 $1,456,560 $249,696
2023 $19,263 $1,672,800 $1,428,000 $244,800
2022 $18,688 $1,640,000 $1,400,000 $240,000
2021 $17,031 $1,503,597 $1,339,737 $163,860
2020 $16,869 $1,488,180 $1,326,000 $162,180
2019 $16,539 $1,459,000 $1,300,000 $159,000
2018 $2,704 $144,171 $50,233 $93,938
2017 $2,664 $141,345 $49,248 $92,097
2016 $2,615 $138,574 $48,282 $90,292
2015 $2,582 $136,493 $47,557 $88,936
2014 $2,525 $133,820 $46,626 $87,194
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC21066650

California Regional Multiple Listing Service (CRMLS)

APN: 424-054-08

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